Pensionfund Sabic Has $255,000 Position in Washington Real Estate Investment Trust (NYSE:WRE)

Pensionfund Sabic reduced its holdings in Washington Real Estate Investment Trust (NYSE:WRE – Get Rating) by 28.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the real estate investment trust’s stock after selling 4,000 shares during the period. Pensionfund Sabic’s holdings in Washington Real Estate Investment Trust were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Widmann Financial Services Inc. acquired a new stake in Washington Real Estate Investment Trust in the fourth quarter worth $25,000. Trust Co. of Vermont acquired a new stake in Washington Real Estate Investment Trust in the fourth quarter worth $32,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Washington Real Estate Investment Trust by 232.0% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,693 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,183 shares during the period. Van ECK Associates Corp raised its holdings in Washington Real Estate Investment Trust by 66.9% in the fourth quarter. Van ECK Associates Corp now owns 6,590 shares of the real estate investment trust’s stock worth $170,000 after purchasing an additional 2,642 shares during the period. Finally, Cetera Advisor Networks LLC acquired a new stake in Washington Real Estate Investment Trust in the third quarter worth $203,000. Institutional investors and hedge funds own 90.75% of the company’s stock.

Shares of NYSE:WRE opened at $21.28 on Thursday. Washington Real Estate Investment Trust has a 12 month low of $21.25 and a 12 month high of $26.79. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $23.86 and its 200 day simple moving average is $24.52. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 177.33 and a beta of 0.85.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 22nd will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, June 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.20%. Washington Real Estate Investment Trust’s payout ratio is 566.67%.

Several research firms have weighed in on WRE. JPMorgan Chase & Co. cut their target price on shares of Washington Real Estate Investment Trust from $26.00 to $24.00 in a report on Tuesday, June 14th. StockNews.com started coverage on shares of Washington Real Estate Investment Trust in a report on Thursday, March 31st. They set a “sell” rating on the stock.

About Washington Real Estate Investment Trust (Get Rating)

WashREIT owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units.

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